Audit and Inspection Services

Our approach is to provide audit and consulting services in a way that allows parties to benefit and grow.

We provide a clear picture on the way coverholder’s manage their business so as to protect the interests of those offering a delegated authority.

Our audit services

• Provide peace of mind to those offering a delegated authority
• Offer a stepped approach to the audit process to minimise disruption
• Cover all areas relating to the delegated authority agreement as well as specialist services relating to the management of the agreement.
• Provide reports that cover the eight Lloyd’s principle responsibilities incurred by the managing agent/underwriter
• Cover open market and operational audits
• Offer follow up and management advice

Trusted Advice & Consultancy

FinServ has very experienced consultants who really understand this area of business.  We go quietly about our business to ensure you obtain the best results.  We offer and deliver:

•  Practical Advice
• Adherence to Lloyd’s and open market standards
•  Adherence to binder terms and conditions
•  Auditors who have many years experience in the financial services industry
• Reports that cover the eight Lloyd’s principle responsibilities incurred by the managing agent/underwriter
• An evaluation of organisational competence

FinServ understands that some delegated authority business is not straight forward and may require additional help ensure the best interests of all stakeholders are covered.

Assistance for Coverholders

If you are considering entering into a delegated authority, FinServ can assist by:

• Finding a suitable Lloyd’s of London Broker
• Preparing your application
• Reviewing your submission
• Undertaking a pre-assessment audit

FinServ can also conduct an assessment of competence which covers the key nominated persons and infrastructure.

Review of Policy Wordings to ensure they meet binder agreements and comply with Australian standards.